EMerging Equity
Currencies
Building A Monetary Union In Africa
It’s like the European Union but for East Africa. By iMFdirect In this podcast by the IMF, find out how Uganda, Kenya, Tanzania, Rwanda and Burundi stand to benefit from the creation of the East African Community*. There will be a common currency as well as more trade and investment too. Will a union also expose them … Continue reading
Dollar Imperialism, 2015 Edition: Our Currency, Your Problem – OpEd
“The dollar is our currency, but it’s your problem.” This is what US Treasury Secretary John Connally said to his counterparts in the Rome G-10 meeting in November, 1971, shortly after the Nixon administration ended the dollar’s convertibility into gold and shifted the international monetary system into a global floating exchange rate regime. The world … Continue reading
De-Dollarization: China Is Now Advertising The Renminbi As The ‘New World Currency’
By Michael Snyder The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer. Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what … Continue reading
Lord Rothschild Warns Investors: Geopolitics Most Dangerous Since WWII
“The world now faces greater geopolitical risks than since the end of the Second World War as unemployment threatens European welfare and chaos engulfs the Middle East, Lord Rothschild warned investors in the £2.3 billion RIT* Capital fund,” RT reported today. World GDP grew at “a disappointing and uneven rate in 2014” following six years … Continue reading
How Greece’s Euro Stalemate Is Hurting Currency Markets
The drawn-out negotiations between Greece and its European creditors have the financial markets in turmoil at the idea of a Greek exit. The uncertainty brought about by the new Syriza government can be seen in the effect it has had on currency. The euro has depreciated sharply against most major currencies in recent months, including … Continue reading
A Day Of Reckoning For The Euro Has Arrived – 26 TRILLION In Currency Derivatives At Risk – OpEd
By Michael Snyder This is the month when the future of the eurozone will be decided. This week, Greek leaders will meet with European officials to discuss what comes next for Greece. The new prime minister of Greece, Alexis Tsipras, has already stated that he will not accept an extension of the current bailout. Officials … Continue reading
Moscow And Ankara To Trade In National Currencies – DenizBank
Russia and Turkey are working towards trade payments in national currencies, according to the president and CEO of Turkey’s DenizBank, Hakan Ates. “We are ready to do everything to facilitate the transition to payments in national currencies. Such a transition is possible but our central banks have to make this decision. We’re already working in … Continue reading
Chinese Currency Devaluation Prospective Grossly Exaggerated
The Chinese currency volatility does not mean the yuan will be hit by the depreciation trend. By Sputnik News Although the Chinese yuan has been falling against the US dollar since the beginning of this week, concerns over the currency fluctuation are grossly exaggerated according to China’s experts As the yuan continued its slide against the US dollar nearly reaching the … Continue reading
Iran: Opposition To Western Sanctions In The Banking Sector
By Oleg Reschikov The Islamic Republic of Iran has for many years suffered from significant multifaceted pressure from the West. Persistence and resourcefulness has allowed Iranian businesses and Iran as a whole to skillfully overcome the barriers erected by US and European sanctions. With the resumption of Iran’s nuclear program in 2005, the ring of sanctions … Continue reading
John Maynard Keynes Was A Mediocre Currency Trader: Study
It turns out that John Maynard Keynes, the father of modern macroeconomics, was a bit of a speculator. A September 2014 study by academics at Cambridge and the London School of Economics found that Keynes was an avid, but mediocre, currency trader. Olivier Accominotti of the London School of Economics and David Chambers of Cambridge … Continue reading
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